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Topic: Economic Downturn (Read 5505 times)

With The current downturn, I have found myself halting all expenditures on equipment and improvements, except for a few Nucs and Queens to replace expected winter losses, I am beginning to feel the heat of my debts and reduced income :( I hope everyone else is fairing better. How's it on your end :?

* This is my 1st Poll :)

Update: It Warms my Heart that the Beekeepers on this Forum are Positive and Optimistic in their endeavors, and honestly, I'm quite surprised by the poll results thus far :-D

While I'm not planning on blowing a lot of money on new equipment and stuff, I will be adding a package hive and splitting the two that I started last year. I was able to pick up most of the boxes, frames, and foundation last year when Brushy had their free shipping in December.

Thought about getting an extractor but I think I will hold off and use one from my beekeeping chapter!

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"Don't know what I'd do without that boy......but I'm sure willin' to give it a try!"J.D. Clampett commenting about Jethro Bodine.

I'm putting my start-up plans on hold for a year. It's a big disappointment, as I was really looking forward to it, but maybe the extra year can be put to good use learning more and more here and in my reading.

Spending a lot more than I had planned. I was only going to try a couple of colonies but got the bug and ordered 10 packages. Decided on selling our Suzuki Samuari toy to pay for this new venture.

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"Power, especially overgrown power, whets the ambition and sets all the wits to work to enlarge it. Therefore, encroachments on peoples liberties are not generally made all at once, but so gradually as hardly to be perceived by the less watchful; and all plastered over, it may be, with such plausible pretenses, that before they are aware of the snare, they are taken and can not disentangle themselves."

so far, we are ok and i have not changed my plans. since i tend to be a tightwad anyway, that means i look for used stuff and swarms :-)

when i am done paying LAWYERS, i'll be in good shape!! :-D

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.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

This is our start-up year and had already budgeted the expenses into our funding. I'm a high school teacher and am not concerned about loosing my job so there is no economic downturn for me... I'm confident that our market garden will continue to do well and demand for eggs is only increasing.

I make hives for backyard beekeepers and new beekeepers. My business is much larger than even last year when it was double from the year before. I was amazed at the money some were willing to spend. Saw a sharp increase in already painted hives ready-to-go and a decrease in hive parts for do-it-yourself. I talked to a lot of people that want bees and gardens and be more self sufficient overall. I am waiting to see how our associations Beginning Beekeeping class will do this year. Last year interest went way up and I am getting a feeling that this year will be the same. Overall, people seem to be spending money. Makes me happy. :)Steve

well I am planning as usual but I was not planning on spending much money anyway as I dont have much to spend but I am sure that places are harder hit than where i live. My job is ok for now but who knows we may hit a depression soon. However a store told me they would buy all my honey

I am somewhat hit, due to the fact that my family runs a horse farm, in the business of importing and selling horses out of Europe. Horses are not selling so well at the moment. Beekeeping is a hobby for me, but as with everything in life, I don't like losing money on things so I budget pretty well. This year I have been building custom equipment for other beekeepers and that has paid for the nucs I bought to increase numbers, and the tools I bought allow me to build my own equipment as well which saves me a bunch, especially when shipping costs are considered. Basically, my beekeeping budget is controlled by my beekeeping sales. I am not putting in any outside cash this year.

My business has been holding steady but I am concerned that people will start holding on to their money for fear of a massive depression. I have been watching my spending and saving as much as possible so I'll have a buffer when or if things turn really sour.

No downturn for us at all. We're adding 3 hives this year, which will make 5. That should just about do it for our back yard. In fact we are expanding our business and see the next couple of years being full of great opportunity.

My advice to everyone who's worrying about the economy is to turn off the television. There's nothing we can do about it. It makes it harder to focus on what we're grateful for and harder to be optimistic for the future, which we all need in strong doses. In fact, getting on my soapbox, I think the news media does us an ENORMOUS disservice by reporting all the terrible and never the good. If it bleeds, it leads, right? It's a continuous groin kick in our collective consciousness. There is so much negative being broadcast our way, and that's why I believe so many people are unhappy. It's a habit to complain and blame and gripe and I truly believe the news helps foster that behavior.

I don't intend to sound glib or to mean I am discounting the economic state we're in, because I know so many people are losing jobs and are in serious financial distress, but I can't think of one way the constant barrage of news about of failing banks and job losses serves me. So I just don't play, and life seems to be working pretty well.